In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large … three statutory retirement ages, although there is often no incentive or even a disincentive to retire at these thresholds … covering the universe of German retirees, and I exploit unique variation in financial retirement incentives as well as …

We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life …

agenda. Due to endogenous human capital depreciation the effective retirement age is often below statutory retirement age … retirement. However, well designed education programs will keep more workers in highly productive activities at the end of their …

observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such … variables are not observable, the optimal policy does imply a distortion of the retirement decision. Consequently, the … inducement of early retirement may be part of the optimal tax-transfer policy. We consider a model in which individuals differ in …

This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to … analysis focus on the increase in the normal retirement age (NRA) from age 65 to 67 (Reform 2007) and the recent increase in … early retirement benefits in the future. …

of leaving to early retirement. The wage is not affected. …

examine a generous partial retirement reform in Germany that led to a massive increase in early retirement. Using county …

identify non-employment-related scarring by examining the transition of unemployed people to retirement as a life event after …-monetary unemployment scarring for people who were unemployed for the first time in their life directly prior to retirement, but not for …